Koç Holding Investor Presentation

Crack Margin Effect on Tüpraş in 12M (FOB Italy Prices) Higher product cracks in 2017 over 2016 indicates a +1.9 $/bbl margin difference, yielding a 1.4 billion TL contribution to Tüpraş Financials. Product Price, $/ton Tüpraş Crack Margin, $/bbl 2017 2016 2016 Yield 2017 2016 LPG 435,2 308,3 %3,3 -15,5 -16,2 Gasoline Naptha Jet Fuel Diesel Diesel 1000 549,0 462,3 %19,5 13,4 13,3 467,2 366,6 %1.0 -1,5 -2,3 ' 512,7 408,9 %15,4 10,9 8,3 491,0 394,6 %30,4 11,7 9,3 478,0 384,9 %1,2 9,9 8,0 Fuel Oil 1% Fuel Oil 3,5% Diğer 315,0 222,3 %0,9 -5,7 -9,4 298,5 205,2 %5,7 -8,2 -12,1 ' 276,3 200,3 %16,8 -8,5 -10,5 94,4 Total Crack Margin, $/bbl 5,5 3,7 Dated Brent Avg. $/Bbl 54,3 43,7 Margin Differences, $/bbl Total Processed, mn bbl Total Effect, mn $ +1,86 213.29 383.6 Total Effect, mn TL Investor Presentation www.tupras.com.tr APPENDIX 1.398,1 51

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